Soundtrack of Struggle: Musicians Battle Financial Hardships Amid Rising Costs

Soundtrack of Struggle: Musicians Battle Financial Hardships Amid Rising Costs

The music industry is facing a crisis as many musicians struggle to make ends meet due to financial challenges exacerbated by the cost-of-living crisis. According to the Help Musicians charity's 2023 Musicians' Census, 23% of musicians reported being unable to support themselves or their families, while 44% cited the lack of a sustainable income as a significant career barrier. Despite this, an overwhelming 81% of musicians remain committed to the industry, intending to continue their passion over the next five years.

Financial struggles have taken a toll on mental health, with one in three artists reporting low mental wellbeing. The pressure is heightened by venues tightening budgets and cutting back on performances—a trend observed by musicians like Kelley Phillips, who performs as Kelley Tigerheart around her local area. Phillips has noticed diminished bookings over the past year as pubs become more cautious with their spending. Jess Harper, a venue manager, highlights that grassroots venues are crucial for emerging artists but face their own financial pressures, including rent and price increases.

Madi Saskia, who has been recording and performing music since the age of 16, exemplifies the struggle. Saskia relies solely on her income from music, which is increasingly insufficient amidst rising costs. She often finds her earnings consumed by travel expenses, leaving little for basic needs.

"Sometimes you'll only get paid what your phone bill is and then sometimes it will only cover your travel and your food," said Madi Saskia.

"Once I've fed myself and travelled back home, I still have to think about how I'm going to put money towards rent and bills," she added.

Despite these challenges, Saskia remains passionate about music's impact on life.

"Music is the backdrop for every memory. You can attach music to a person, a feeling, it can help you heal, it can help you get through your bad times and good days," she reflected.

"A world void of sound is a world void of colour and feeling… sound needs to be respected."

Grassroots venues like The Tin in Coventry are vital for budding artists. The venue recently received over £6,000 in donations for refurbishments, underscoring the community's support for local music. Saskia emphasizes the importance of these spaces.

"It's really important, we would not get the bigger artists we have without these grassroots music venues," she stated.

Laurie Oliva advocates for fans to support musicians through various means.

"As fans, it's important we support artists where we can by buying tickets and merch, going to shows, and subscribing to initiatives," Oliva urged.

In response to these challenges, the Music Venue Trust has proposed a £1 levy on arena tickets to assist smaller venues with escalating costs—a measure that could provide much-needed relief.

"Music Venue Trust's proposal for a £1 levy on arenas could help smaller venues with rising costs," Madi Saskia noted.

Musicians like Kelley Phillips continue to pursue their passion despite setbacks.

"I always encourage people to go for their passions and do what they love," Phillips said.

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Alex Lorel

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